Accountant

Responsibilities: Financial Accounting & Reporting:

• Maintain accurate and up-to-date accounting records.
• Record and monitor daily sales, purchases, expenses, and payments.
• Prepare weekly management accounts and financial reports
• Perform weekly bank reconciliations.
• Monitor and manage accounts receivable and accounts payable.
• Ensure compliance with established accounting policies and procedures.

Inventory Management & Control:

• Monitor inventory levels of raw materials, including flour, sugar, yeast, butter, eggs, packaging materials, and other production inputs.
• Conduct regular weekly and monthly stock counts
• Investigate stock discrepancies, shortages, and variances.
• Track production yields and monitor wastage levels.
• Recommend measures to improve inventory efficiency and reduce losses.

Cost Accounting & Profitability Analysis:

• Calculate and maintain accurate production costs for all bakery products.
• Monitor product profitability and gross profit margins.
• Analyze fluctuations in raw material and operational costs.
• Provide recommendations on pricing strategies and cost optimization initiatives.
• Support management with financial insights for business decision-making.

Cash Management:

• Verify and reconcile daily cash sales.
• Reconcile POS transactions with bank deposits.
• Monitor cash flow and ensure adequate liquidity for business operations.
• Prepare weekly cash flow forecasts and reports.
• Identify and report potential cash flow risks.

Payroll Administration:

• Process employee salaries, wages, and related payments accurately and on time.
• Calculate overtime, deductions, statutory contributions, and other payroll adjustments.
• Maintain accurate payroll records.
• Ensure compliance with PAYE and other statutory payroll obligations.

Tax & Regulatory Compliance:

• Prepare and file VAT returns in a timely manner.
• Manage PAYE, withholding tax, and other statutory deductions.
• Ensure compliance with all relevant tax regulations and reporting requirements.
• Liaise with tax authorities, external auditors, and regulatory bodies when necessary.
• Support annual audit processes and financial reviews.

Management Reporting:

• Prepare and present weekly reports covering:
• Revenue and sales performance
• Production and operating costs
• Gross profit and net profit analysis
• Cash flow and liquidity position
• Inventory status and stock variances
• Debtors and creditors analysis

Requirements:

• A minimum of a Higher National Diploma (HND) in accounting, finance, or a related discipline.
• Minimum of 3–5 years' accounting experience.
• Professional Certifications (Preferred)
• Institute of Chartered Accountants of Nigeria (ICAN)
• Association of National Accountants of Nigeria (ANAN)
• Previous experience in a bakery, food manufacturing, FMCG, or production environment is highly desirable.

Technical Skills:

• Financial Accounting and Reporting
• Cost Accounting and Analysis
• Inventory Accounting and Control
• Payroll Processing
• Tax Management and Compliance
• Advanced Microsoft Excel
• Accounting Software (QuickBooks, Sage 50, Odoo, or similar ERP systems)

Competencies:

• Strong analytical and problem-solving skills
• High attention to detail and accuracy
• Excellent organizational and time-management skills
• Strong integrity and confidentiality
• Effective communication and reporting skills
• Ability to work independently and meet deadlines
• Strong understanding of internal controls and financial best practices

Application Deadline: Applications closes in 2 weeks